About MyRunway
MyRunway is a company based in Cape Town (South Africa) founded in 2012 by Elmien Hammerschmidt and Karl MF Hammerschmidt.. MyRunway has raised $5.67 million across 2 funding rounds from investors including Spear Capital. MyRunway offers products and services including Online Fashion Platform, Accessories Selection, and Homeware Items. MyRunway operates in a competitive market with competitors including Zando, Superbalist, Ananse Africa, Pazazz and UZURI SHOP, among others.
- Headquarter Cape Town, South Africa
- Founders Elmien Hammerschmidt, Karl MF Hammerschmidt
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.67 M (USD)
in 2 rounds
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Products & Services of MyRunway
MyRunway offers a comprehensive portfolio of products and services, including Online Fashion Platform, Accessories Selection, and Homeware Items. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for purchasing discounted clothing and accessories online
Range of bags, sunglasses, and watches for online shopping
Variety of homeware for affordable online purchase
Funding Insights of MyRunway
MyRunway has successfully raised a total of $5.67M across 2 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(25 May 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Series A - MyRunway | Valuation | SPEAR Capital |
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| May, 2020 | Amount | Series A - MyRunway | Valuation | SPEAR Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in MyRunway
MyRunway has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Spear Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Capital solutions are provided to the SADC region by Spear Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by MyRunway
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - MyRunway
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Myrunway Comparisons
Competitors of MyRunway
MyRunway operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zando, Superbalist, Ananse Africa, Pazazz and UZURI SHOP, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-category fashion products are retailed online by Zando.
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| domain | founded_year | HQ Location |
Fashion and lifestyle products are retailed online by Superbalist.
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| domain | founded_year | HQ Location |
Online platform selling African fashion, design, and artisan goods globally.
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| domain | founded_year | HQ Location |
Online retailer selling fashion accessories including bags, watches, and jewellery.
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| domain | founded_year | HQ Location |
Manages an e-commerce store offering a wide range of fashion products.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about MyRunway
When was MyRunway founded?
MyRunway was founded in 2012 and raised its 1st funding round 8 years after it was founded.
Where is MyRunway located?
MyRunway is headquartered in Cape Town, South Africa. It is registered at Cape Town, Western Cape, South Africa.
Who is the current CEO of MyRunway?
Karl MF Hammerschmidt is the current CEO of MyRunway. They have also founded this company.
Is MyRunway a funded company?
MyRunway is a funded company, having raised a total of $5.67M across 2 funding rounds to date. The company's 1st funding round was a Series A of $5.67M, raised on May 25, 2020.
What does MyRunway do?
Online retail platform offering multicategory fashion products for men women and kids. The product catalog includes t-shirts, shirts, jeans, pants, dresses, skirts, and undergarments. The company also offers footwear and accessories like wallets, belts, jewelry, eyewear, watches, and scarves. The company has a mobile application that is available to download from the apple app store and google play store.
Who are the top competitors of MyRunway?
MyRunway's top competitors include Superbalist, Zando and Ananse Africa.
What products or services does MyRunway offer?
MyRunway offers Online Fashion Platform, Accessories Selection, and Homeware Items.
Who are MyRunway's investors?
MyRunway has 1 investor. Key investors include Spear Capital.